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in china that that without any warning it shatters. this is in shanghai. it's very popular at the mall here. it's got turtles and sharks and 33 tons of glass and water all over the place. amazingly nobody was killed but 16 were hurt. tell us a little bit about why you suppose this happened. does this have anything to do with temperature or how do people explain it? >> i'll never look at an aquarium the same again. this was a ten-inch piece of plate glass that exploded literally. people said there was a crack. all of a sudden after the crash the water rushed out and it sounded like an explosion. what investigators now believe happened here is the tank had very warm water in it. the outside temperature, although this is in a mall, this was the outside-facing glass. you can see there are trees there. this was in the cold part of the mall, kind of the outside exposure. temperatures got down into the 20s. not like i had never gotten into the 20s before but this here with the warm on the one side, the water, the cold on the other side, they believe a fault in the glass, a scratch, obviously somet
to end the civil war in syria. now, remember, both russia and china have blocked u.n. attempts to force out the assad regime. now the russians say they are willing to meet with the syrian opposition. it could open the door for real u.n. action on the ground, action that could mean american involvement. we've got more details in a live report in just a minute. >>> but also, russia's president formally saying no to americans who want to adopt russian children. it is a heartbreaking development for hundreds of americans who are trying to adopt children from russian orphana orphanages. that is happening right now. president vladimir putin signed the adoption ban today. sadly, more than 50 americans who were in the final stages of adopting russian children, they are not going to be able to. and while those families certainly hoping that they're going to allow these adoptions to go through, the country's child rights commissioner says that those kids are going to stay in russia. so why are the russians doing this? the ban is considered a payback of sorts for an american law that was passed tw
. >> number 5, china. is china slowing or leading the world? we do know choina will be the biggest economy in the world by 2020, for sure by 203. china getting more than a few mentions during the presidential campaign, probably because it's pretty clear china is both a competitor and a partner. >> number 4, europe. the european union was fractured by too much debt and the us a trty plans to fix it. that saga is far from over. >> number 3, the housing market finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. investors began buying entire neighborhoods but first-time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty down payment. >> number 2. >> cnn projects that barack obama will be reelected president of the united states. >> the next. more than just about obama and romney. it was about socialism and capitali capitalism, about what kind of role government should have in your life. >> number 1 is the fiscal cliff. lawmakers saw it coming but didn't bothe
from now, the united states is going to have to step aside and let china take the top spot. christine romans is here with me to explain what this is all about. >> so this is a report that the 17 different intelligence communities in the united states put together every four years for the incoming administration. the lay of the land for what you're facing leading the world superpower, the united states. and this report finds that 350 years of an ascendant west will be reversed and you will see asia as the dominant superpower once again, going back to its position that it held in the middle ages. here's what it found. you'll have asia leading by 2030 in size, in terms of gdp, military spending, population size, technology investment. the largest economy will be china. it will have overtaken the united states, even before 2030. you will see global economic crisis. you will see the majority of the world's population out of poverty for the first time in world history. >> and a huge middle class, all of a sudden, right? >> middle classes around the world, and they will be the driving politi
in congering this new horizon under his leadership. you have these leadership changes in china and japan next week, and it gives them a leg up in coming back to the negotiating table as a stronger country because they've demonstrated this long-range technolo technology. >> so you look back at april and the embarrassing failed launch. it has a lot of people wondering how this successful launch could come so quickly on the heels of the other, and it also has people asking who may be helping north korea at this time. obviously, iran enters into the picture when people do discuss this. is this something that is a game change for us in terms of how to deal with north korea and iran at the same time? >> i think it's a pretty big deal. the april launch was not successful, but if you track their launches going back to 2006, the 2006 and particularly the 2009 tests were fairly successful. so the fact that this one came about, whatever happened in april was something, some mechanical problem was catastrophic, but this test was clearly a success. yes, there is cooperation between iran and north korea. e
, a -- the largest sunroof ever in a vehicle is just absolutely smart design. >> alan, quickly on china, i know you're going to make a big push to sell lincolns in china, setting up this sort of all dealers network. does china loom larger for you because of what we have seen economically in europe and with the looming fiscal cliff? >> absolutely. if you look at the markets worldwide and the economies and the auto industry, nearly a third of the market will be north and south america. a third will be europe and russia and africa. and about a third of the market will be asia pacific. and in china's case, to your point, china now has replaced the united states as the largest auto market. the chinese veitremendous respe for history. they know about henry ford and lincoln. so we'll be bringing the first lincoln vehicles to china in 2014. >> alan mulally, ford president and ceo. thank you for coming on. we appreciate it. >> thank you. >>> now this. an infant left without her parents after an nfl player just snaps. and now as a city mourns, sportscaster bob costas goes off on gun control. i'm brooke baldw
-party countries, the united states, south korea, japan, russia, china. china is a big player here, because they have the most influence. they have to figure out how to deal with this new leader. i mean, they've got nuclear weapons. they've got missile technology, but they're also very poor. they're also possibly their sending a trial balloon saying, we want to bargain. i don't know, because very few people have met this new leader and which direction he wants to go is still uncertain. >> so in a lot of all that, i mean, what do you recommend if you were actually advising president obama at this time to do? people don't know who he is. he, obviously, is trying to do the muscle flex here. the six-party talks have been a failure. they basically ended back in 2009. what would you recommend? >> well, i'm not privy to their deliberations. what i would recommend is, first, you do have to fulfill obligations under the security council. there was a violation of missile launching. but i think a more creative way to deal with him needs to happen, and it has to solve south korea, japan, china and us p
.s. infrastructure and whether we should spend money to fix it. >> number five, china. for sure by 2030. >> china. >> china getting more than a few mentions during the presidential campaign probably because it's clear they are both a competitor and a partner. >> number four, europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. they bought entire neighborhoods, but first time buyers got a home of their own as long as they had a hefty down payment. >> number two. >> cnn projects that barack obama will be reelected president of the united states. >> the election. more than just about obama and romney, it was about socialism and capitalism and spending and cutting and what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming and didn't bother to pay any attention to it until after the election. had they put politi
of santa's route. he follows every new year's. he just was in russia. now he's over the great wall of china. previous to that, he made his way to australia. you can see him flying past the famed opera house there. so he's delivered all of his presents in australia. all of the presents in russia. all the presents in japan, and also south korea, and, of course, now he's busy in china, on his way, of course, over here to the united states. we'll keep you posted. >>> wreaths across america. it's a program that's become part of the healing process for military families around the holidays. today's giving in focus takes a look at a tree farm in maine that helps turn greece into finding peace. >> i know when chris died, we kept thinking about how we were going to remember him. and we kept thinking that his spirit was moving through the trees every time you saw them moving. i seem to be drawn to maine even though i've never lived here. it's pretty amazing. >> we're in the wreath business and have been since 1971. columbia falls is a little town in coastal washington county. the perfect little count
report suggests china is getting ready to surpass the u.s. economy. >>> plus -- >> this is the place where lisa was buried. >> cnn goes inside the search for da vinci's famous muse. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relati
pickpocket. >>> number four, big trouble in communist china. everybody thought one of the most powerful politicians in china party chief boojili was getting rid of crime and corruption till this summer when a court convicted his wife of murdering a british business man and the government accused him of trying to hinder the investigation as well as taking bribes and abusing his power. now he's been kicked out of the communist party. leaders voted to expel him in november number three, a service becomes not so secret. the role of protecting the president when he trabs abroad has moments of glamour and excitement. that included hookers for some is secret service agents and military personnel visiting cartagena in advance of the president's arrival last april. it won't have bothered colombian authorities since prostitution sgs legal there. local police only got involved because of a hotel altercation between a woman and a secret service agent over the payment. number two, it's been called the building that never sleeps but the bbc's london headquarters says it was completely unaware of the
panels in the world in china, also bought one of the solar panels. so they have brought a lot of money in for that small college. we need to have consistency in america and committing ourselves to preserving the environment, protecting us from global warming which is real and we need leadership coming from the white house every day saying we need to do something about global warming. that hasn't happened yet. my hope is in president obama's second term he'll be the leader of the world and not lagging behind the other nations in doing something about global warming. >> you're a nuclear engineer at one point, promoted nuclear energy. how do you make the distinction between nuclear energy for good use, good purposes, and for bad use? and iran's argument that they are creating nuclear energy for power and not as a threat to the united states, speak to the link between energy and national security. >> i was in charge of a development of the second atomic submarine and i was an early nuclear physicist. that was my graduate work. i had what's convinced then and now nuclear power for peaceful
and china open and australia only half a day. so you will get a muted response, but don't for get that we have really got one more day of this, right. there is not going to be a deal tonight, because it is not dramatic enough, and they have to let it go another day, and the markets might get a little bit of a breather, but trust me, as tomorrow goes, and as trading get starts and the day wears on and appears that we are getting nothing, you will start to see the pressure on the market as we move into the end of the day. like i said on the prior show, if we get a band-aid, that is worse than getting actually letting us go over the cliff. >> why? >> because i think that if we go over the cliff, then there is clarity and everybody knows what happens, taxes here and spending there, and the only thing that can happen after that is that it can improve because the legislators will talk about cutting the taxes and raising the spending and standing up to say, what a great job we did and pat themselves on the back. if we get a band-aid, all we have done is to cause more confusion and kicked the can
there that could be laying the ground work for strategic help for rebel groups. also for russia and iran and china and other countries that support the assad regime to perhaps distance themselves a little bit from the syrian president. we have all those reasons that are coming -- that are like the pieces of the puzzle. you make it out. is the threat of chemical weapons being used against the syrians an imminent threat? you have a lot of opinions out there that that's not the case right now. >> good balanced approach. we like that. a lot of people just kind of beating the drums here. want to get the other side as well. thank you, paula. >>> seran is the onlying nerve gas we've been talking about so far in sear yashgs but they -- >> military analysts believe that syria may have one of the most extensive chemical weapons stockpiles in the world spread through production and storage facilities throughout the country. this, they say, is a result of an aggressive development program started in the 1980s, aided by the russians and the iranians, and has been cause for concern before. not only because the
share their missile technology. >> what about ally, china? china -- >> that was a big surprise. >> let me quote, expressed regret, quote/unquote. regret from china? >> china has been their backer, tried to support them quietly in all these talks. but for them to come out today and say we regret that this happened -- >> north korea further isolating themselves. >> further isolating themselves and look at this from another perspective they didn't fire it anywhere close to japan because the japanese have set up anti-ballistic missiles and they have told the north koreans, we will shoot them down. remember what the fundamentals are of this north korean missile program. first of all, they'll sell it to anybody that has the cash. but second of all, it is blackmail. give us money for food, give us money for technology, give us money, give us energy, give us oil, otherwise we may kill a whole lot of people. we're going to be out there with that threat and they will be appeased. strategy isn't working with the south koreans. isn't working with the japanese. other asians are now lining up. they'
deal, it will be one of the largest ever by chinese investors. china's state owned oil giant c-nook swooped in to acquire nexen for a cool $15 billion. note to the obama administration, it is not happening in a bubble. last year you'll recall the obama administration put off a decision on the excel pipeline, an extension of a pipeline that would connect the oil in alberta to the gulf of mexico and international markets. the democrats killed it because of concerns from environmentalists. the proposed route crossed the aquifer in nebraska and white house and state department officials could have just insisted on rerouting the pipe, but they didn't. a bad move, one that was highly thought to play to the president's base. now that the elections are over, a review of a new route will begin sometime next year. the leakages of that pipe were a minor concern, though it got all the headlines. a more legitimate environmental concern is carbon emissions. processing crude that is mined from the oil sands emits double the emissions of regular drilled oil. but oil sands still -- that still s
. >> obama took gm and chrysler into bankruptcy and told them in china. >> the ad was referring to the auto bailout that lent a line to chrysler and gm and saved america's car industry from imminent collapse. i was in ohio when the ad came out, riding the cnn election express. ohio was crucial to romney and he had to take the state if he wanted to win, but ohio is auto country. i met voters in columbus who were outraged because it was a bold-faced lie. all chrysler said is it may make extra jeeps in china. here's what i said about romney's surprising misunderstanding of the auto industry back then. >> for decades and decades and decades, american auto companies have made cars in the countries or the regions in which they sell them. i want to remind americans when they buy toyotas and hondas and hyundais and nissans in america that are assembled here, back home somebody said why are you shipping our jobs to america? it shows a misunderstanding by the romney camp to try and get under people's nails about jobs and cars being made elsewhere. >> christine didn't see that coming and got stuck lis
. >>> in china the longest high speed railway opens, connects beijing with guangzhou, 1,500 in eight hours, but tickets start at $138, and they're a little pricey for some people and many travelers say it's cheaper and faster to fly. >>> a report just out this morning shows home prices up in october, the biggest annual gain in more than two years. alison kosik joins us from the new york stock exchange. tell us more. >> this is a bigger gain than analysts were expecting. home prices in 20 of the biggest cities in the u.s. went up by 4.3% in october compared to october of last year and as you said it is the biggest increase in more than two years. prices also they've gone up for five months in a row so that's more good news as well as far as the momentum goes. this jives with a lot of the other housing reports that have come in on the positive side talking about home sales, home building, builder confidence, all of those are showing this upward momentum, so yeah, housing is definitely in recovery mode, and it's really helping to boost the entire economy. in fact we saw that with third quarte
more cooperatively to counter china. so certainly senator kerry, if he becomes the next secretary of state have a full plate. >> what was he like in terms of his personality? i covered him in 2004 when he was running for president in george w. bush and he was not really able to relate or identify to everyday folks, but he has quite a reputation overseas and abroad. overseas and abroad he has a reputation for knowing issue and he has relationships with a lot of world leaders and it was senator john kerry who convinced afghan president hamid karzai to go for a runoff election when the presidential elections were in question and i think he's going to be able to relate to leaders suft as secretary clinton did as a politician when these leaders are having problems compromising to say, listen, i'm in your seat. i know where you've been and run for office before and i think that will serve him well. here in washington, he is seen as someone who is very confident and on top of his brief and also someone who likes to control issues, and such as the middle east. he's someone who drills down
on fire in protest. let's just show you one more here, here's a rescue worker carrying a child in china after some earthquakes that had occurred back to back right there. now these are just some of what you can see on cnn.com as we look back at 2012. another spread we have got for you right here, and these are some of the best sports photos of the year, and i won't give you the stories behind them, because i'm going to consider this a tease to push you to the web. a chance to vote on the most intriguing person of the year. we have got some interesting choices up here. some of the kind of obvious people, like chris christie, you can pick any face, you can drag it over, say which ones you think are most intriguing. you've also got gabby douglas, david petraeus and we'll be announcing who you think are the most intriguing people. everything's linked up for you at facebook and twitter, and at the blog c nrks nrnn.com/josh. this year just flew by, doesn't it? >> the years always fly by. enjoy every moment, josh. >>> did you toe the romneys, they were spotted in vegas last night, josh. >> rea
of uninhabited lands between japan and china. japan sent eight fighter jets after a chinese plane was seen near the islands. it was gone by the time they got there. china continues to claim the islands. the islands have been in japanese control for years. japan bought the privately owned islands in september. >>> some are calling it a break-through, north korea making its first successful long range rocket launch but less than 24 hours after liftoff a u.s. official tells cnn the country may not be in full control of the satellite. joining me is cnn contributor and retired u.s. army general spider marks. good morning. >> good morning. >> what does this mean? is this a setback for north korea? >> it's not a setback at all for north korea. north korea successfully launched something into an extra atmospheric orbit, albeit it's not control. they were able to build a three-stage missile and get an object into space. >> here is how leon pa net ta spoke about it. he spoke to erin burnett in afghanistan. >> this is a clear provocation. we've warned them not to do it. we've been very concerned about the
said that there were 970 adoptions last year. china and ethiopia had more. and a little more than 1700 from ethiopia, a big reason americans adopt from other countries is the amount of children available. i will bring in the adoptive parents of a russian child, and was planning to adopt a second child from russia. kurt and ann, sorry i'm emotional right now. >> we understand. >> how far did you go in the adoption process? >> well, for this one, we have been working on it for about a year, and we were waiting for our invitation to travel over to be matched with a child. >> and? >> now, it looks like it's coming to a screeching halt? >> and i said you want your little nugget and you said you want your second one. right? >> yeah, we have one at home, we had such a great experience with our first russian adoption. we were in st. petersburg and the process was about nine months from the start of paperwork and the paperwork is tremendous. it really is. the parents go through a lot, from the fingerprinting to the background checks to local russian requirements, so, it's just a great process.
to get loans from china. the republicans want to do it without paying for it without any fiscal discipline. at one point the republicans have to do it -- the pledge was the last they based it on. >> nothing was done, though. that's a bad thing, aaron. >> why? i'm not sure that it is. i'm not sure that this fiscal cliff really is a fiscal cliff. i think that it changes the baseline. republicans get better negotiating position on the other side when they are not scared to death of their own shadow and fearful of not looking reasonable. to think that the same joker who is got us this compromise will somehow get us a better compromise is absolutely silly. some of these guys have been voted out by the american public. maybe we should wait until the new people who have been through this before and just through the campaign, when they come in and change, i just have a hard time believing this congress, the one that got us into the mess we are dealing with, will somehow field a way to get out of it. >> i understand what you're saying about waiting for the new people to come in, but many
be a lot less effective. in china they've had five school stabbings. the last one, a man stabbed 22 children. how many died? >> none. >> none. so -- imagine if he had an assault weapon. how many would he have killed? certainly -- certainly much more than 22. >> yeah. so -- >> that's simple math. >> lou -- lou, hold that thought. hold that thought. we're going to go away and then come back, and i don't know where the show's going to go. some of the things we had planned for you, the lighter things, might not make it on the air. i'm going to warn you. this is an important conversation. we'll be right back after this break. . the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood
china is doing not as well, brazil isn't, india, europe's at a standstill. we can't afford this. it's that intangible that's more serious than how much you pay in taxes in 2013. >> before you go, how do you think the markets refact there's a stopgap measure? are they going to fear that more than if there was a permanent deal? >> markets hate uncertainty. that's the one thing. if we've got a stopgap measure, do we have a sense of when it will be resolved? some say go over the cliff, let's see what that looks like. i'd bo worried about that. we had a drop-off in the market on friday and that's about investors being uncertain about monday morning. i'll keep my eyes close to the markets on sunday night when asian markets open and monday when we have a shortened trading day. if washington doesn't get its act together, the investors may send a strong message to washington to do something. >> ali velshi, thank you. >>> you can learn more about the fiscal cliff and other issues that are affecting your money at 1:00. ali velshi will be back with a live edition of "your money." that's on cnn.
. in china they've had five school stabbings. the last one, a man stabbed 22 children. you know how many died? >> none. so -- imagine if he had an assault weapon. how many would he have killed? certainly -- certainly much more than 22. >> yeah. so -- >> that's simple math. >> lou -- lou, hold that thought. hold that thought. we're going to go away and then come back, and i don't know where the show's going to go. some of the things we had planned for you, the lighter things, might not make it on the air. i'm going to warn you. this is an important conversation. we'll be right back after this break. it is something very spe♪ ♪ i would readily confess [ dogs barking ] ♪ 'cause all i want this season ♪ ♪ is something from your heart ♪ la da da, la da da [ male announcer ] thinking of others this holiday season, travelers. there's the sign to the bullpen. here he comes. you wouldn't want your doctor doing your job, the pitch! whoa! so why are you doing his? only your doctor can determine if your persistent heartburn is actually something more serious like acid reflux disease. over tim
and the woman apologized and thought it was public because it was in the news feed. >>> in china the world's longest high-speed railway opens. it's just under 1500 miles. it slashing the time between the two stories from 22 hours to it 8. the tickets starting at $138 are a little pricey for some, and many travelers say it's still cheaper and faster to fly.
's oil credit lines with china. the final touches are still being made. but there are highways without cars. schools with no pupils. it feels like a ghosttown. we eventually found someone who had bought a flat. >> so you live in this apartment building? which -- where is your apartment? on the seventh floor. wow. and this building, is it completely filled? >> no, no. >> translator: no. we have through residents in this building. three apartments occupied. >> reporter: is it strange to be in a huge building with only three -- >> translator:ure right. it's a bit change, you know, especially sometimes when i don't have friends, family over who may be tempted to say maybe i should stay in the city, but for all other purposes, it's quite ideal. >> reporter: this economics professor at angola's catholic university says this $3.5 billion project is misguided sfwloosh is it a vanity project? >> yes, maybe. maybe. we are looking through this project as a political project. the housing there is very -- is still very, very, very high in terms of costs, and i think there is a lot of -- to sell the
assembly from china to the u.s. frankly, that's a drop in the bucket for a company of its size. it's hard to say right now if that means expanding current operations or even building out brand new ones. apple has taken a lot of criticism for its relationship with fox con in china so bringing back jobs here would take a little bit of heat off. >> the news comes at an interesting time too because the company's stock is down quite a bit right now. it's fallen in the last couple days, right? >> you've got that right. apple shares were down before and now trading up a bit here about 1.5% trading at 547. the company hit an all-time high above 700 just this fall but since then it's really been a tough run for the stock. the big tumble came wednesday when shares of gadget giant slid more than 6%. the thing is there's no clear explanation as to why. some analysts are saying it's because of chatter that some firms raised their margin requirements on the stock and just to backtrack what that means. it's harder for investors to borrow money in order to buy it. others say it's because unlike so many o
, the biggest companies without a doubt in the world moving jobs out of china. bringing them back to america. apple c eo tim cook with this announcement. >> so we've been working for years on doing more and more in the united states. next year, one of the existing mac lines in the united states. >> existing mac lines. dan simons, you cover things technology here. apple's been under pressure to move production back here, back to the u.s. why now? >> reporter: well, you know, they've been under pressure to do this for sometime. something to do with the human rights an i buss in the plants and here's an opportunity to give back, you know, something to the american economy. the way you look at things is, you know, the company is going to be spending $100 million in terms of bringing back jobs to the u.s. some may say $100 million, you know, is not a lot of money considering that apple has more than $100 billion in the bank. but i think this is a positive sign in terms of how many workers we're talking about here -- >> how many jobs? >> reporter: we don't know precisely or the skills necessary. i
and is in recession once again. many will be watching to see how abe handling heightened tensions with china, as the two countries spar over disputed islands, as well as north korea, which defied the international community recently launching a rocket that skirted japanese territory. there's also japan energy policy, with abe suggesting n nuclear power will remain on the table despite ongoing troubles in fukushima. one last issue, just staying power. they have a well documented revolving door with prime ministers with shinzo abe becoming the seventh different leader in just six years. cnn, tokyo. >>> it appears to be a growing trend in afghanistan. they are insider aattacks. a u.s. contractor was kimmed in kabul police headquarters. this time the attacker is a woman. we have a live report from the pentagon. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunge
that manufacturing is picking up in china. gains are expected to be modest, though as the fiscal cliff issue remains unresolved. >>> the u.s. is showing its support for turkey in the face of potential threats from syria. the u.s. milltory will deploy 400 troops to turkey in the coming weeks. the patriot the missile system would be used only for defense. >>> president obama is speaking out about marriage marriage for the first time since colorado and washington state legalized it. he told abc's barbara walters he discourages drug use and regrets doing it as a kid but says it's not a top priority for the feds to prosecute recreational users in states that have legalized the substance. >>> we're awaiting word on the next round of fiscal cliff negotiations. president obama and house speaker john boehner metaphor just under an hour at the white house late yesterday afternoon. still no deal. aides for both men describe the session as frank and say the lines of communication will stay open. the law of the land, that's how house speaker john boehner described the affordable care act, it overhauled the natio
,700 cancellations yesterday. >>> unbelievable video out of shanghai, china, where a 33-ton aquarium full of sharks exploded, sending sharks flying everywhere and terrified shoppers running for their lives. 16 people suffered cuts and bruises. no one was seriously hurt. three lemon sharks were killed in the incident, though. >>> just five days left until the united states crosses over the so-called fiscal cliff, and just in case washington doesn't make a deal, we're going to get you ready. every day this week we're looking at how it will affect you and your pocketbook. today we're focusing on that potentially higher tax bill. ryan mack is president of optimum capital management and joins me via skype from detroit. good morning again, ryan. >> good morning, how are you doing? >> i'm doing pretty good, but we have to talk about tax rates and after that i don't know how i'll be doing. >> i understand. i understand. >> how much higherould tax rates go? >> well, we're looking at the top tax rate going to as high as 39.6% from 35%, the discussions of compromising a level of 37%. capital gains taxes incre
the ripples go across the pacific to asia and japan and china and to all those countries and across the atlantic to europe. i was talking a few moments ago to ali rand. he's the vice president for the urpian commission and he's the economics commissioner for the yourian union. the chief if you like of economics. he said we're concerned about the u.s. going over the cliff. it's time for a partial deal, and we support the efforts of u.s. policymakers. he said it would have a negative impact, and he said if there's no deal before the year's end. europeans tonight are -- not that it makes much difference. are calling very firmly on all the parties in washington to get a deal done. >> so, richard, i don't know if washington is listening to anybody outside of washington yet, but we'll see how the day goes. there's a lot of blame directed to the united states, but you know, you look at the euro zone, and it had its own issues. it took them quite a bit of time before they could actually get their own deal, their bailout deals done. is there a backlash, do you suppose? is there a bit of blam
fireworks. some of those injured were trampled in the rush to get away from the flames. >>> in china, the world's longest highway -- high speed railway is set to open. it connects beijing with go gongzou. it slashes travel time from 22 hours to just eight. but the tickets starting at $138 are still a little steep for some and many travelers say it is still cheaper and faster to fly. >>> so we asked you to pick the most intriguing people of 2012. who is number one? we'll show you along with the rest. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> lrtd, so it is the day after christmas and typically that means a food hangover. it was worth it, wasn't it? so good. but i
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